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Below the Quote on Market Wrap 12 Sep 2025 by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets extended their winning streak on Friday, gaining nearly half a percent, in line with favorable global and domestic cues. After a positive start, the benchmark advanced during the first half and later consolidated in a narrow range until the close. Sector participation was broad-based, with metals, financials, and autos leading the gains, while FMCG lagged behind. The broader markets also reflected strength, as both midcap and smallcap indices registered gains in the range of 0.30% to 0.67%.

The up move was supported by a mix of triggers. Corporate developments, such as Infosys’ ?18,000 crore mega buyback, boosted sentiment in IT blue chips. Strong inflows from domestic institutional investors offset continued selling by foreign portfolio investors, while positive cues from global markets further strengthened momentum.

Nifty is now approaching its previous swing high of 25,150, which may lead to some consolidation before the index advances towards the 25,250–25,500 zone. A decisive breakout above 54,900 in the banking index could act as a major catalyst for fresh momentum; otherwise, the move may remain gradual. Meanwhile, traders should continue to focus on the sustained strength in metals, autos, and pharma, while remaining selective in other sectors and themes such as defense and railways."

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